Abstract
The objective of this document consists of estimating the real wage growth rate over time for the professors of the Faculty of Economics at the University of Cauca, which is located in Popayan, Colombia, by making special emphasis on gender differentials. In order to achieve it, an extended function of Mincer (1974) with panel data is used, which includes apart from the traditional variables related to education and experience, a set of covariates distributed as exogenous and invariant covariates over time, and other endogenous semi-variants covariates over time. For such a reason, we use an Efficient Generalized Instrumental Variable model estimated under the Hausman-Taylor framework, where some covariates are allowed to be correlated with unobservable individual random effects.
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